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. >> the cut the deficit in half. four years later and we have a trillion dollar deficit. my view is we ought to provide tax relief to people in the middle class. the people who are having a hard time right now are middle income americans. under the president's policies middle income americans have been buried. there just being crushed. middle income americans have seen their income come down by $4,300. at the same time gasoline prices have doubled. electric rates are up, food prices are up. if you're reelected we will get to a trillion dollar debt. you have said before you cut the debt in half. lou: and to post debate polls gave the debate to governor romney. by a huge margin. in fact, the biggest one in history according to one of those polls. the cbs poll showed that 42 percent called romney the victor with only 22 percent standing with the president. the same poll tells us that 63 percent now believe governor romney cares about their needs and problems. that is a 30% improvement since before the debate. the cnn polls showed an even more dramatic results. governor romne
. >> the cut the deficit in half. four years later and we have a trillion dollar deficit. my view is we ought to provide tax relief to people in the middle class. the people who are having a hard time right now are middle income americans. under the president's policies middle income americans have been buried. there just being crushed. middle income americans have seen their income come down by $4,300. at the same time gasoline prices have doubled. electric rates are up, food prices are...
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the actual deficits are a trillion dollars. he promised to cut in the half and he didn't and if you open up the budget of the united states under his policies the debt explodes, you can see it on page 52 of their analysis of the budget outlook. he said last night that budgets are about making choices. having a budget that chooses to have the debt explode and endanger our children is a poor choice. >> i think that's misleading because if you look at the c.b.o. scoring of the president's budget, he achieves a stable budget path within the ten-year budget window. so, again, we have a factual disagreement. >> i said if you look at the long-term budget outlook the debt explodes. so year 11 matters. my children are not yet -- >> well, let's deal with the first decade. >> brown: all right, we've cleared up everything. (laughter) thank you so much. douglas holtz-ae kin, jared bernstein, thanks. >> woodruff: still to come on the "newshour": rising tensions on the syria turkey border; how the presidential debate played for some florida v
the actual deficits are a trillion dollars. he promised to cut in the half and he didn't and if you open up the budget of the united states under his policies the debt explodes, you can see it on page 52 of their analysis of the budget outlook. he said last night that budgets are about making choices. having a budget that chooses to have the debt explode and endanger our children is a poor choice. >> i think that's misleading because if you look at the c.b.o. scoring of the president's...
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>> well, you know, in terms of mitt romney surging, just remember how much of a deficit he had to make up. i mean, he was in some cases double digits behind the president and all those attributes and the president is still leading on them. we expected an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. that's what we got in mitt romney. what could the president have done differently? of course, we'll recalibrate and recalculate based on the mitt romney that showed up last night. we've got two more debates left. now we know what we're dealing with. we know that mitt romney will, in a split second, waulk away from the central policy of his entire economic plan because he knows it's bad politics. he has been campaigning on this $5 trillion tax cut since the beginning of the primaries. and last night he tried to walk away from it, because he knows he's going to have to tell the middle class that he's going to have to raise their taxes if he wants to pay for it. >> the $5 trillion cut, the presiden
>> well, you know, in terms of mitt romney surging, just remember how much of a deficit he had to make up. i mean, he was in some cases double digits behind the president and all those attributes and the president is still leading on them. we expected an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. that's what we got in mitt romney. what could the president have done differently? of course,...
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you're not happy with the deficit plans, you're not happy with the tax plans. but the thing that really caught my eye because it's the credo of this show. you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was pol
you're not happy with the deficit plans, you're not happy with the tax plans. but the thing that really caught my eye because it's the credo of this show. you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith...
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what i have said is i won't put in place a tax cut that adds to the deficit. that's part one. number two, i will not reduce the share paid by high-income individuals. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's for the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corporate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure
what i have said is i won't put in place a tax cut that adds to the deficit. that's part one. number two, i will not reduce the share paid by high-income individuals. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's for the...
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. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on middle income families. i will lower taxes on middle income families. now, you kite a study. there is six other studies that looked at the study you described and say it's completely wrong. >> the president based his assertion about a $2,000 tax increase on a study by the tax policy center which had exempted some tax deductions from any cuts in its analysis. then it concluded the plan could only be deficit neutral with a tax hike on the middle class and obama ads are hammering away. >> why won't obama level with us about the tax plans. >> the tax policy center, however, later changed its assessment. it said if romney p
. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on...
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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. >> when i walked into the oval office, hi more than a trillion dollar deficit greeting me and we know where it came from. >> soon their approaches changeed. president obama versus mitt romney and is this round 1 or a knockout blow? the candidates are in a different place tonight and tom fitzgerald fooled their movements and turned -- turned into spin rooms. tom. >> reporter: the democratic position was that mitt romney's performance last night, in their words, is at odds with what he's saying on the campaign trail and privately, they're acknowledging what many have been saying, that governor romney had a good debate and the president is going to be under pressure to do better next time. the president tried to refrain the debate saying the mitt romney he saw last night had little resemblance to what the president said romney's policies are. governor romney himself, meanwhile s meeting with supporters in colorado. romney said the debate gave him a chance to frame the campaign for the country for what their choice would be. >> last night, i thought it was a great opportunity for the amer
. >> when i walked into the oval office, hi more than a trillion dollar deficit greeting me and we know where it came from. >> soon their approaches changeed. president obama versus mitt romney and is this round 1 or a knockout blow? the candidates are in a different place tonight and tom fitzgerald fooled their movements and turned -- turned into spin rooms. tom. >> reporter: the democratic position was that mitt romney's performance last night, in their words, is at odds...
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we did not know that big bird was driving the federal deficit, but that is what we heard last night. how about that? elmo, too? look, the fact is governor romney's numbers do not add up. i had to spend time last night trying to pin it down. the only way to pay for $5 trillion in the tax cuts and $2 trillion in the defense spending that the military says it does not need is by asking the middle-class to pay more. i refuse to do that. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut, just to pay for more tax cuts that we cannot afford. i will never turn medicare into a voucher. governor romney doubled down on the proposal last night, and he is wrong. no american should have to spend their golden years at the mercy of insurance companies. they should retire with the dignity they have earned. we will perform and strengthen medicare for a long haul, but reducing the cost of health care, not by asking seniors to pay thousands of dollars more, and we will keep promise of social security by
we did not know that big bird was driving the federal deficit, but that is what we heard last night. how about that? elmo, too? look, the fact is governor romney's numbers do not add up. i had to spend time last night trying to pin it down. the only way to pay for $5 trillion in the tax cuts and $2 trillion in the defense spending that the military says it does not need is by asking the middle-class to pay more. i refuse to do that. i refuse to ask middle-class families to give up their...
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and yesterday i proposed my budget proposal for the next year that will pose a $3 million deficit with only threeoffs and a 2.7% increase. four percentage points below the last four years. that got about 12 likes on facebook. [laughter] i stwoant white house and got presidential -- 500 likes on facebook. so exactly. is that on facebook? >> refresh. they must not be reading it right. [laughter] but it is as a tool so the important conversation as mayor morris how you are going to fix the city. that has to happen face to face when you have somebody's attention. they can give you their attention and you can give them theres willst there's no way to replicate it. as a -- allow a dialogue to happen, you know, my facebook page. especially after i got elected a funny thing happen it become a touch down public square. a new public square will i know if i want to generate conversation immediately. it is an interesting. i was working with the traffic engineers to fix one of the intersection. it's been a problem in the city. and we drafted something up. and it was too technical. it was literally
and yesterday i proposed my budget proposal for the next year that will pose a $3 million deficit with only threeoffs and a 2.7% increase. four percentage points below the last four years. that got about 12 likes on facebook. [laughter] i stwoant white house and got presidential -- 500 likes on facebook. so exactly. is that on facebook? >> refresh. they must not be reading it right. [laughter] but it is as a tool so the important conversation as mayor morris how you are going to fix the...
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social security hasn't contributed one nick toel to th deficit. can pay out benefits for the next 21 years. the president should be saying now what he said four years ago. he will not cut social security while romney and ryan certainly are. >> now, senator, one thing that i think is puzzling democrats and supporters of the president, as well, today is both men had a chance at closing arguments last night. that is one of the things that they knew was coming their direction. listen in part to what president obama had to say. >> four years ago, i said that i'm not a perfect man and i wouldn't be a perfect president and that is a promise that governor romney thinks i kept. >> why specifically point out the flaws? was that a good choice? >> well, i think not. i mean, i think -- here's what i think the position of the president should be. look, everybody knows the economy is in a lot of trouble today. we all know that. everybody knows that the rich are getting much richer and the middle class is shrinking and poverty and that is the simple truth. but wh
social security hasn't contributed one nick toel to th deficit. can pay out benefits for the next 21 years. the president should be saying now what he said four years ago. he will not cut social security while romney and ryan certainly are. >> now, senator, one thing that i think is puzzling democrats and supporters of the president, as well, today is both men had a chance at closing arguments last night. that is one of the things that they knew was coming their direction. listen in part...
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. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make this comment. >> nope. come on, mr. president, give us a peek under the hood. >> five week before the election he's saying that his big, bold idea is never mind. is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class a families are going to benefit too much? ♪ i guess you're just what i needed ♪ >>> we begin with the president criticized as being less than effective last night by hyperventilating pundits across the board, but now getting his own chance to put a spin on the first presidential debate
. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make...
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a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and how much was accurate? with me is the associate editor of the financial weekly owned by the parent of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on
a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and...
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we ended up moving from surplus to deficits. and it all culminated in the worst financial crise since the great depression. bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've got some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more to make sure we're not blowing up the deficit. >> jim, the president began this segment, so i think i get the last word, so i'm going to take it. >> lehrer: you're going to get the first word in this segment. >> let me just make this comment-- let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place a
we ended up moving from surplus to deficits. and it all culminated in the worst financial crise since the great depression. bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've...
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he was making a point about the budget deficit. i just wonder about that conversation and how it plays out over the next week. >> rose: john they're telling me i'm going to lose you because either you have to go to bed or we're losing the signal or something. >> everyone's blaming the president so it might be his fault. >> rose: thank you, mr. dickerson. i'll see you tomorrow morning. >> thank you charlie. >> rose: let me bring you back in here. so if you look at what was said tonight, was it primarily that romney was effective in delivering his message and it seems so in contrast to what we have known of him that is in the end the story? >> yes. he was effective because barack obama passed up opportunity after opportunity to really challenge him. and i think he presented effectively but he could have had problems if obama had been sharper. and charlie, i'm not, they're putting out this line already that look the president wanted to be laid back, he didn't want to be confrontational. somebody mentioned earlier that he really has di
he was making a point about the budget deficit. i just wonder about that conversation and how it plays out over the next week. >> rose: john they're telling me i'm going to lose you because either you have to go to bed or we're losing the signal or something. >> everyone's blaming the president so it might be his fault. >> rose: thank you, mr. dickerson. i'll see you tomorrow morning. >> thank you charlie. >> rose: let me bring you back in here. so if you look at...
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and you heard the president last night describe how he plans on reducing the deficit. he said it was $4 trillion but only in washington would you count $4 trillion of reduction when, in fact, his plan calls for adding a trillion dollars of debt every one of the next four years. the congressional budget office says that by the end of a four-year period if he were to be reelected trickle down government could lead to a setting of $20 trillion in debt. i think that's wrong. i think we shouldst inom finly america to cap our spending, to cut our spending and get us on track to a balanced budget. and it's -- it's not often i'm told that republicans are able to go out and talk about medicare with such passion as we do but let me tell you. when someone is taking $716 billion away from our current seniors in their medicare plan to pay for obama care, we say no way. we'll put it back and get rid of obama care. and then, and then there's our military. the president has proposed cutting our military budget and then the sequestration idea that came out of the white house cuts our m
and you heard the president last night describe how he plans on reducing the deficit. he said it was $4 trillion but only in washington would you count $4 trillion of reduction when, in fact, his plan calls for adding a trillion dollars of debt every one of the next four years. the congressional budget office says that by the end of a four-year period if he were to be reelected trickle down government could lead to a setting of $20 trillion in debt. i think that's wrong. i think we shouldst...
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the only other thing he mentioned was obama care, which adds $109 billion to the deficit. east cuts less than 0.1 of 1%. >> i don't want to be a bad moderator. let me get you in and move on to anne. go ahead. >> i want to thank keith for admitting his side believes in redistribution of wealth. we believe in cutting government spending. >> mitt romney doesn't believe that. your own candidate has taken both sides, and last night was not the mitt romney who campaigned for four months to win the republican primary. you know that as well as i do, and you steve, have been so honest in critiquing him should be more honest about his dishonesty last night. >> let me bring in anne on that. anne, back to the president and this incumbent curse. he didn't bring up the 47% and talk about bain capital outsourcing jobs, tax returns and offshore accounts. do you believe his campaign gave him that advice? why not use those weapons, and you don't compromise your likability when you were telling what you believe is the truth. >> well, i think you just put your finger why they didn't do it in
the only other thing he mentioned was obama care, which adds $109 billion to the deficit. east cuts less than 0.1 of 1%. >> i don't want to be a bad moderator. let me get you in and move on to anne. go ahead. >> i want to thank keith for admitting his side believes in redistribution of wealth. we believe in cutting government spending. >> mitt romney doesn't believe that. your own candidate has taken both sides, and last night was not the mitt romney who campaigned for four...
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he can't say he lowered the deficit, he can't say the unemployment numbers have got even better. megyn: he had counter points to raise. you may not agree with them but they were there to be raised and the president took a pass. >> i think that's part of the fact is he thought, look i'm the president of the united states of america, i woo people, people love me, he didn't prepare for this last night. it was obvious that he thought he was the heavyweight coming in, and because he's so charismatic he could just walk in there and have a great anniversary night and go back and have champagne with his wife, and he didn't do well, and i think the part was he was shock at how well informed mitt romney was, and how many things mitt romney was instantly able to challenge him and i don't think he expected him at all. megyn: do you think that barack obama is capable, coming back, being feisty, being sort of like mitt romney was last night? some people are raising doubts about whether he is capable of that since he doesn't have the more recent debate experience that romney has. >> yes, and i
he can't say he lowered the deficit, he can't say the unemployment numbers have got even better. megyn: he had counter points to raise. you may not agree with them but they were there to be raised and the president took a pass. >> i think that's part of the fact is he thought, look i'm the president of the united states of america, i woo people, people love me, he didn't prepare for this last night. it was obvious that he thought he was the heavyweight coming in, and because he's so...
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by ending the war and nev -- war in afghanistan and using the money saved to bring down the deficit. the simple term for that is that we will no longer be spending money for that war. we will no longer be taking money pile up in one place and moving it to another. the use of language is very bad on this. it even was last night, when he spoke not from a prepared plan, but just from talking points. i found that when romney would offer something specific, except for a few points that barack obama had repeatedly used in speeches about where he was saving money or will the health benefits were coming from, he would not back up his statements with hard information. i found that in the speech he was making today. >> a tweet from marji. donald on our independent line. is that clarksville, tennessee? maryland? >> virginia. ok, first of all let me go back to what the man said a few minutes ago. common sense would tell you that if you are spending money where it is not needed, then that money could be used to spend on other programs, and the money that you are not spending on those programs, yo
by ending the war and nev -- war in afghanistan and using the money saved to bring down the deficit. the simple term for that is that we will no longer be spending money for that war. we will no longer be taking money pile up in one place and moving it to another. the use of language is very bad on this. it even was last night, when he spoke not from a prepared plan, but just from talking points. i found that when romney would offer something specific, except for a few points that barack obama...
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the failure of the joint deficit committee has left us with the looming arbitrary cuts. those are being mentioned both from up here and down there. i am pleased that the house passed a bill that said no to read these cs are not going to affect military families, and certainly that is all of our position. we would like for the administration to clarify better that is set in concrete, so again, certainly as you said, commander we must make it perfectly clear that under no circumstances we cannot and will not balance the budget to solve the fiscal problems on the backs of the men and women in uniform and our veterans. [applause] i thought you all were napping. that is definitely an applause. and again, the good news is i think that we are all on board. thanks for your efforts of suicide prevention. that is something we are working on very, very hard. there are just a number of things in regard to that. the other thing that i am concerned about is military voting. that's something that if anybody has a right to vote its the men and women serving overseas. and so again i thin
the failure of the joint deficit committee has left us with the looming arbitrary cuts. those are being mentioned both from up here and down there. i am pleased that the house passed a bill that said no to read these cs are not going to affect military families, and certainly that is all of our position. we would like for the administration to clarify better that is set in concrete, so again, certainly as you said, commander we must make it perfectly clear that under no circumstances we cannot...
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in order to reduce the deficit and balanced way. mitt romney does the opposite. jon: all right. >> recommitted last night to not asking the wealthiest for a dime to reduce the deficit. jon: ben labolt, spokesman for obama for america, the president's campaign. thank you. >> thanks for having me, jon. jenna: all right. we'll continue having that conversation right. a lot to think about from both of those folks for the campaign. >> the back and forth continues. jenna: well a manhunt is on for a suspected terrorist. fbi is offering a $50,000 reward for help finding the man on your screen. he is accused of supporting al qaeda and considered extremely dangerous. >>> ebelieved there was religiousification for suicide bombings. he attended tripping camp as and pakistan. he traveled to convicted coconspirator to yemen for the same purpose >> right now the fbi is searching for a suspected terrorist with apparent links to al qaeda. ahmad abousamara is u.s. citizen. according to fbi he made several trips overseas to train with terrorists. he m
in order to reduce the deficit and balanced way. mitt romney does the opposite. jon: all right. >> recommitted last night to not asking the wealthiest for a dime to reduce the deficit. jon: ben labolt, spokesman for obama for america, the president's campaign. thank you. >> thanks for having me, jon. jenna: all right. we'll continue having that conversation right. a lot to think about from both of those folks for the campaign. >> the back and forth continues. jenna: well a...
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we have increased deficits. we have had unemployment over 8%. the middle class is hurting. and i think he did, thomas, give specifics. he gave his five-point plan how he is going to create jobs in this country. >> but senator, you don't think that we are better off than four years ago when it comes to 43 straight months of job growth, the fact that the auto bailout worked? the fact we have drawn out of the war in iraq and we are now slowly trying to map out the course to leave afghanistan? you don't think that the country is better off than we were four years ago as a whole, collectively? >> since you brought up the foreign situation, i think we are in a much worse position because the president withdrew from iraq and afghanistan without benchmarks that would be required to keep those countries stable when we leave. that's why we are seeing our people being shot by insiders in afghanistan. why things are breaking up in iraq. i don't think the world is safer because of what president obama has done. i think his foreign policy is very -- >> do you think we need to pull out of
we have increased deficits. we have had unemployment over 8%. the middle class is hurting. and i think he did, thomas, give specifics. he gave his five-point plan how he is going to create jobs in this country. >> but senator, you don't think that we are better off than four years ago when it comes to 43 straight months of job growth, the fact that the auto bailout worked? the fact we have drawn out of the war in iraq and we are now slowly trying to map out the course to leave...
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >> again, that's for future people, not current retirees. >> so if you're 54 or 55, you might want to listen because this, this will affect you. >> reporter: still, romney seemed to control many of the back and forths, even the lighter moments. >> i apologize, mr. president, i use that term with all respect. >> i like it. >> good. >> the difference in their debate demeanors was most evident during the closing statements. >> you know, four years ago we were going through a major crisis. and yet, my faith and confidence in the american fut
what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a...
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the president says romney's plans will raise taxes or increase the deficit. >> governor romney's central economic plan calls for a 5 trillion dollar tax cut on top of the extension of bush tax cuts another trillion dollars and 2 trillion in military spending they have not asked for. >> first of all i don't have a 5 trillion dollar tax cut or a tax cut of the scale you are talking about. >> romney says he will offset cuts by closing loopholes and reducing reductions but vague on which ones. they will face off again later in new york and florida. both candidates are back on the campaign trail today. mitt romney in virginia while the president has campaign stops in colorado and wisconsin. jacqueline feld, ktvu channel 2 news. >> the corporation kitchen aid is apologizing for a tweet sent from their account during the debate. the message refered to a moment when president obama was talking about his grandmother's death, highlighting the purpose of medicare and social security. a tweet posted by a -- by kitchen aide said obama's g-ma even knew it was going to be bad. she died three days befor
the president says romney's plans will raise taxes or increase the deficit. >> governor romney's central economic plan calls for a 5 trillion dollar tax cut on top of the extension of bush tax cuts another trillion dollars and 2 trillion in military spending they have not asked for. >> first of all i don't have a 5 trillion dollar tax cut or a tax cut of the scale you are talking about. >> romney says he will offset cuts by closing loopholes and reducing reductions but vague...
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my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class families are going to benefit too much from them? >> reporter: often pulled his punches and never mentioned lines of attack that have been effective in his ads, like romney's ten years at bain capital or his statement on the 47% who don't pay taxes. rob portman said the president seemed uncomfortable being challenged. >> i think he was surprised, probably, that mitt romney had the grasp of the issues and the facts and was willing to be aggressive and talking about what he's for. and i think that's why this
my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor...
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i said i won't put in place a tax cut that adds to the deficit. >> romney and president obama return to the campaign trail today. their next debate, in 12 days. >>> meanwhile, a big story developing overseas right now. troops in turkey are firing on targets in syria, reportedly killing several soldiers in the process. in revenge for wednesday's attack on a border town. the violence, adding to growing concerns about syria's bloody civil war spilling over its borders and destabilizing the region as a whole. >>> we have a health alert for you. the generic version of a popular antidepressant is being pulled off the market. the fda says that budeprion xl 300 doesn't work as well as the brand-name drug, wellbutrin and could cause side effects. regulators said in 2008, the pills were essentially the same. >>> someone thought they could grow two football fields of marijuana in plain sight on the south side of town. and they did until yesterday. some of the plants, as big as christmas trees. street value, $10 million. >>> guys, finally, you remember the woman who took it upon herself to resto
i said i won't put in place a tax cut that adds to the deficit. >> romney and president obama return to the campaign trail today. their next debate, in 12 days. >>> meanwhile, a big story developing overseas right now. troops in turkey are firing on targets in syria, reportedly killing several soldiers in the process. in revenge for wednesday's attack on a border town. the violence, adding to growing concerns about syria's bloody civil war spilling over its borders and...
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mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem in both of these claims is a lack of specifics. what the president is assuming, the reason we said false on his claim, he basically is assuming if he just did a tax cut and nothing else, then it would include this giant amount of tax breaks for people out there. but that's what mr. romney is saying he won't do. he's saying he has all these specifics in terms of cutting deductions, finding ways of closing loopholes so that people would pay more and there wouldn't be this giant tax cut but he wouldn't say what that would be. this lack of
mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the...
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you said you'd cut the deficit in half, it's now four years later we still have trillion dollar deficits. martha: what about that, chris. >> for people who aren't following like this. simpson-bowles was the presidential commission. he was in charge of this commission. it was his idea. after they gave their proposals last december he ignored them, he never even mentioned them a month later in the state of the union speech. he does have a $4 trillion plan, a deficit reduction plan about it is filled with gimmicks. first of all it includes a trillion dollars that they already agreed to, the congress and the president, as part of the deficit reduction deal, the debt limit deal last august. any president if they come in its going to have that trillion dollars. he also gets $800 billion in savings from night fighting the wars in iraq and afghanistan that we weren't going to fight anyway. there are all kinds of gimmick savings. having quickly said that, mitt romney's plan has a lot of smoke and mirrors too. obama pointed out you have $5 trillion from lowering tax rate. you have a $2 trillion in
you said you'd cut the deficit in half, it's now four years later we still have trillion dollar deficits. martha: what about that, chris. >> for people who aren't following like this. simpson-bowles was the presidential commission. he was in charge of this commission. it was his idea. after they gave their proposals last december he ignored them, he never even mentioned them a month later in the state of the union speech. he does have a $4 trillion plan, a deficit reduction plan about it...
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no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president who believes it will government is the last answer to everything. do you think that is going to be a political liability in the state of florida? >> well, keep in mind, he brought up pretty forcefully that the president cut medicare. he also said that look, we are going to keep medicare exactly as it is for those 55 years or older. but we have to do something to help th
no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as...